Core Viewpoint - The article emphasizes the importance of building a strong domestic market in China, highlighting the need to enhance domestic demand and investment to create a new development pattern that promotes both consumption and investment [1][4][7]. Group 1: Building a Strong Domestic Market - The article states that the domestic market is a scarce resource and a significant advantage for China, showcasing resilience amid complex external environments. From 2021 to 2024, domestic demand is expected to contribute an average of 86.8% to economic growth [4]. - Experts believe that the focus on expanding domestic demand is crucial for establishing a new development pattern that prioritizes domestic circulation while also enhancing international circulation [6][7]. - The article notes that the domestic market, covering over 1.4 billion people, has substantial market size and potential, aiming to contribute more to the global economy and become a more significant consumer market [7]. Group 2: Investment in Goods and People - The article discusses the need for more resources to be invested in human capital and public services, supporting employment, income growth, and consumption incentives to create a virtuous cycle of economic development and improved livelihoods [9]. - It highlights the importance of combining investments in tangible assets with investments in human capital, emphasizing that merely investing in physical infrastructure is insufficient without addressing human resource development [9][10]. - Experts suggest that investment in human capital should encompass a broad range of areas, including healthcare, sports, talent development, and social security, to meet the new demands arising from the upcoming industrial and technological revolutions [10].

Core Viewpoint - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China emphasizes the construction of a strong domestic market and the acceleration of a new development pattern, focusing on expanding domestic demand as a strategic foundation [1][2]. Group 1: Strong Domestic Market - The report highlights the importance of a strong domestic market, which is seen as a significant resource and advantage for China, especially in the face of complex external environments [1][2]. - From 2021 to 2024, domestic demand is expected to contribute an average of 86.8% to economic growth, indicating the critical role of domestic consumption [1]. Group 2: Investment in People and Goods - The emphasis on combining investment in goods and investment in people is crucial for sustainable economic growth, as it addresses both tangible assets and human capital [5][6]. - Investment in human capital is increasingly recognized as vital for economic growth, with a focus on skills enhancement and participation in the economic cycle [6]. Group 3: Interaction of Supply and Demand - The report advocates for a positive interaction between new demand and new supply, moving beyond previous supply-side reforms to address current insufficient effective demand [4]. - The simultaneous push for boosting consumption and expanding effective investment is essential for enhancing the internal dynamics of the domestic economy [4].